Key facts
- Robinhood launched its public Layer 2 blockchain, Robinhood Chain, built on Arbitrum.
- Robinhood Chain supports tokenized real-world assets and DeFi applications.
- Tokenized stock trading is available in over 120 countries via Robinhood Wallet.
- Robinhood Earn offers an estimated 7% yield on USDG stablecoin lending.
- Perpetual futures trading is expanding in Europe to commodities, ETFs, and FX.
- Robinhood plans to launch crypto trading in the UK.
- Robinhood acquired WonderFi, enabling services in Canada.
- Robinhood received a capital markets services license in Singapore.
Robinhood has launched the public mainnet for its Layer 2 blockchain, Robinhood Chain, built on Arbitrum technology. This initiative aims to support tokenized real-world assets and decentralized finance (DeFi) applications, with tokenized stock trading now accessible in over 120 countries through Robinhood Wallet. The company also introduced Robinhood Earn, a lending product allowing eligible U.S. users to lend their USDG stablecoin for an estimated 7% annualized return, with coverage for certain losses arranged through Lloyd's of London and RELM.
Beyond its blockchain ecosystem, Robinhood is expanding its perpetual futures offering in Europe to include commodities, ETFs, and foreign exchange markets, providing leverage of up to 10 times and round-the-clock trading. The company also announced plans to launch crypto trading in the United Kingdom and has entered the Canadian market following its acquisition of WonderFi. Additionally, Robinhood has secured a capital markets services license in Singapore. These expansions come as Robinhood seeks to build an all-in-one investing platform and diversify its revenue streams beyond trading activity, which has faced volatility.